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Browne Jacobson advises on Dale Power Solutions MBO

1 August 2012

Law firm Browne Jacobson has advised the management team of Dale Power Solutions, a leading manufacturer and service provider of secure power solutions, in a multi-million pound buy-out deal backed by a £10.5m investment stake by leading mid-market private equity firm LDC.

As part of the TT electronics family of companies, Scarborough-based Dale Power Solutions was founded over 75 years ago manufactures and supplies secure power systems to all major UK and international market sectors, including hospitals, data centres, financial institutions and transport organisations.

Experts from Browne Jacobsons corporate finance team advised a management team led by chief executive Tim Wilkins. The deal will also see Andy Lyndon and John Green, from LDC, join the Board and Denzil Lee appointed as Chairman.

The Browne Jacobson team was led by Corporate Partner Richard Medd. Other advisers included Gavin Cummings and Paul Ray.

Richard Medd commented:

"Dale Power Solutions has seen rapid growth in recent years both in domestic and international markets, particularly the Middle East.

"With a highly experienced management team at the helm the business is in an excellent position to achieve further growth. Tim and his team have a clear vision of how the business should develop and we are delighted to have been a part of this deal.

"With the backing of LDC the management buyout sends a strong message of stability and confidence to clients, customers and the workforce."

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